Nonprofit Finance Fund

The Nonprofit Finance Fund (NFF) is a bank for social change; it makes loans and provides consulting services to nonprofits to support their growth and financial health. This grant will support NFF in its work to help build out the nascent field of pay-for-success financing. Specifically, NFF would continue to (1) advise nonprofits and funders to improve their readiness to participate in pay-for-success projects; (2) work with a subset of different clients (including funders) to enter pay-for-success partnership negotiations; and (3) promote knowledge dissemination through NFF’s Learning Hub website.

The Nonprofit Finance Fund (NFF) is a bank for social change; it makes loans (and provides consulting services) to nonprofits to support their growth. This grant will support NFF in building its capacity in the nascent industry of social impact bond (SIB)/pay-for-success financing. Specifically, NFF will (1) advise and improve pre-transaction readiness for nonprofits and government entities interested in participating in SIBs/pay-for-success, (2) provide early learning and advice to communities with emerging interest in SIBs, and (3) expand its learning hub (payforsuccess.org) which offers tools, research, and networks/communities of practice for funders and implementers of SIB/pay-for-success financing projects. NFF also aims to organize a syndicate of philanthropic investors to participate in specific SIB deals.